Originally Posted by Enforcer

Is simple, if a recovery order won't go 4-5 pips in right direction it may end up in stop loss. Since a recovery order usually have ~0.2 lot size for a max loss of $10 will lose ~ $400 if end up in stop loss.
I tried various methods to prevent this but I didn't found one yet.

Originally Posted by Enforcer

Here is new version called PipMaker_v12. that include LossManagement and ReverseSignal options.

Changes:
-Added iTrend indicator that seem to work better than DPO and CCI.
Thus DPO and CCI are left in place.
- Now signal is reversed by default.
- Added auto calculate recovery lot size according to loss amount and RecoveryTakeProfit value.
It calculate lot size for USD based pairs, so RecoveryLotMultiplier is default=1.
If use EA on different pairs adjust this value up or down.
- Added more options for TakeProfit.
TakeProfitMode = 2
will take profit as it was until now, when sum of all trades reach ProfitTarget all orders are closed.
TakeProfitMode = 3
will manage buys and sell separately.
If BuyProfit reach ProfitTarget will be closed buy orders.
If SellProfit reach ProfitTarget will be closed sell orders.
TakeProfitMode = 1
Will combine both modes 2 and 3 so it will take profit which situation will occur first.
It seem is best method so I left it by default.

Default values was used for testing on GPBUSD.
You have to find your own values that work best for you according to your broker, account balance, traded pair, lot size used, etc.

Major risk of this EA: to fail to take profit on a recovery order.

Originally Posted by Enforcer

Here is new version called PipMaker_v12. that include LossManagement and ReverseSignal options.

Changes:
-Added iTrend indicator that seem to work better than DPO and CCI.
Thus DPO and CCI are left in place.
- Now signal is reversed by default.
- Added auto calculate recovery lot size according to loss amount and RecoveryTakeProfit value.
It calculate lot size for USD based pairs, so RecoveryLotMultiplier is default=1.
If use EA on different pairs adjust this value up or down.
- Added more options for TakeProfit.
TakeProfitMode = 2
will take profit as it was until now, when sum of all trades reach ProfitTarget all orders are closed.
TakeProfitMode = 3
will manage buys and sell separately.
If BuyProfit reach ProfitTarget will be closed buy orders.
If SellProfit reach ProfitTarget will be closed sell orders.
TakeProfitMode = 1
Will combine both modes 2 and 3 so it will take profit which situation will occur first.
It seem is best method so I left it by default.

Default values was used for testing on GPBUSD.
You have to find your own values that work best for you according to your broker, account balance, traded pair, lot size used, etc.

Major risk of this EA: to fail to take profit on a recovery order.

Originally Posted by Enforcer

Maybe your broker filtered it out?
Incorrect lot size?
Check your log maybe is some error there.

@manz66
Chart timeframe doesn't matter. Neither magic number used.
That's how is working, put buy orders when trend is down. It take profit when trend comes back. If is not comming back, loss management will take care.
If you're not happy whit this mode set ReverseSignal to true.

Originally Posted by Togu

Yeah I've looked through the logs and I have many msgs stating " 2008.03.07 13:46:07 Cannot open file 'C:\Program Files\TEST MetaTrader 4\experts\indicators\i_Trend.ex4' on the GBPUSD,M30"

What should I do? is it the broker? I'm using ODL

Originally Posted by Edick

Hello Enforcer

I am still using the Version 10 with loss management and turn on the reversal trade.

Already profited about 59 pips today, I tested the EA during the NFP news, and I loss only 16 pips, and just now the EA made 10 pips profit, hence today I left with 6 pips so far because of NFP